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Rates

Effective January 31, 2023 (subject to change at any time)

Savings and Checking Rates

TypeMinimum to OpenAnnual Percentage Yield (*APY)Interest Rate

Type


Passbook Savings

Minimum to Open


$1

Annual Percentage Yield (*APY)


0.10%

Interest Rate


0.10%

Type


Statement Savings**

Minimum to Open


$1

Annual Percentage Yield (*APY)


0.15%

Interest Rate


0.15%

Type


Christmas Club

Minimum to Open


$2, $5, $10, or $20

Annual Percentage Yield (*APY)


0.15%

Interest Rate


0.15%

Type


Free Checking

Minimum to Open


$10

Annual Percentage Yield (*APY)


0.00%

Interest Rate


0.00%

Type


Checking with Interest

Minimum to Open


$250

Annual Percentage Yield (*APY)


0.05%

Interest Rate


0.05%

Type


Business Savings

Minimum to Open


$1

Annual Percentage Yield (*APY)


0.15%

Interest Rate


0.15%

Type


Business Checking

Minimum to Open


$500

Annual Percentage Yield (*APY)


0.00%

Interest Rate


0.00%

Tiered Money Market

Money Market** Minimum to earn APYAnnual Percentage Yield (*APY)Interest Rate

Money Market**


Tier 1

Minimum to earn APY


$0.00-$2,499

Annual Percentage Yield (*APY)


0.05%

Interest Rate


0.05%

Money Market**


Tier 2

Minimum to earn APY


$2,500- $24,999

Annual Percentage Yield (*APY)


0.15%

Interest Rate


0.15%

Money Market**


Tier 3

Minimum to earn APY


$25,000 -$49,999

Annual Percentage Yield (*APY)


0.25%

Interest Rate


0.25%

Money Market**


Tier 4

Minimum to earn APY


$50,000 - $99,999

Annual Percentage Yield (*APY)


0.35%

Interest Rate


0.35%

Money Market**


Tier 5

Minimum to earn APY


$100,000 -$249,999

Annual Percentage Yield (*APY)


0.50%

Interest Rate


0.50%

Money Market**


Tier 6

Minimum to earn APY


$250,000 and above

Annual Percentage Yield (*APY)


0.75%

Interest Rate


0.75%

Certificate of Deposit Rates

TERMMinimum to openAnnual Percentage Yield (*APY)Interest Rate

TERM


6 Month CD

Minimum to open


$2,500

Annual Percentage Yield (*APY)


0.60%

Interest Rate


0.60%

TERM


12 Month CD/IRA (with one-time bump up)

Minimum to open


$500

Annual Percentage Yield (*APY)


1.75%

Interest Rate


1.73%

TERM


15 Month CD Special*

Minimum to open


$500

Annual Percentage Yield (*APY)


3.75%

Interest Rate


3.68%

TERM


18 Month CD/IRA

Minimum to open


$500

Annual Percentage Yield (*APY)


2.35%

Interest Rate


2.32%

TERM


24 Month CD/IRA

Minimum to open


$500

Annual Percentage Yield (*APY)


2.40%

Interest Rate


2.37%

TERM


30 Month CD/IRA

Minimum to open


$500

Annual Percentage Yield (*APY)


2.00%

Interest Rate


1.98%

TERM


48 Month CD/IRA

Minimum to open


$500

Annual Percentage Yield (*APY)


2.50%

Interest Rate


2.47%

TERM


60 Month CD/IRA

Minimum to open


$500

Annual Percentage Yield (*APY)


2.60%

Interest Rate


2.57%

TERM


72 Month CD/IRA

Minimum to open


$500

Annual Percentage Yield (*APY)


2.75%

Interest Rate


2.71%

One-time bump up allowed during 12 month CD term based on current 12 month CD rate.

* Certificate renews into a 6 month term and rate.

Additional Account Information

*Annual Percentage Yield (APY) is effective as of the date noted above, and subject to change without notice. APY assumes interest and principle remain on deposit until maturity. Interest computed from day of deposit to day of withdrawal, compounded daily and paid monthly. Contact branch for additional details.

  • Fees and charges may reduce the earnings on these accounts.
  • The minimum balance must be maintained to obtain Annual Percentage Yield (APY).
  • Jarrettsville Federal reserves the right to refuse any deposit or request for any account.
  • Accounts available for Maryland, and Pennsylvania residents only; all other are on a “case by case basis.”
  • All applicants must physically come to our location to open any account.
  • In accordance with the USA Patriot Act, Jarrettsville Federal is required to obtain, verify and record information that identifies each person who opens an account.
  • FDIC insured up to $250,000 per depositor.
  • Certificates of Deposit (CD’s) are issued in the form of a printed certificate. Early withdraws from CD’s will result in substantial penalties.
    • Terms equal to or less than 12 months – 3 months interest
    • Terms greater than 12 months – 6 months interest
  • Individual Retirement Account (IRA) are subject to limitations and/or penalties imposed by the Internal Revenue Service (IRS). Please see your IRA Agreement or your tax advisor for additional information.

 

Mortgage Rates (as of 1/31/2023)

Term% DownInterest RateAnnual Percentage Rate**PointsMonthly Payment Per $1,000**

Term


10 Year Fixed

% Down


20%

Interest Rate


5.125%

Annual Percentage Rate**


5.344%

Points


0

Monthly Payment Per $1,000**


120 months of $10.67

Term


15 Year Fixed

% Down


20%

Interest Rate


5.250%

Annual Percentage Rate**


5.400%

Points


0

Monthly Payment Per $1,000**


180 months of $8.04

Term


20 Year Fixed

% Down


20%

Interest Rate


5.750%

Annual Percentage Rate**


5.875%

Points


0

Monthly Payment Per $1,000**


240 months of $7.02

Term


30 Year Fixed

% Down


20%

Interest Rate


6.000%

Annual Percentage Rate**


6.097%

Points


0

Monthly Payment Per $1,000**


360 months of $6.00
  • Add .50% for JUMBO loans over $726,200.00

* LTV = Loan to Value

** APR = Annual Percentage Rate. The Annual Percentage Rate (APR) and monthly payment per $1,000 are based on Purchase Price or Appraised Value of $250,000 with a 20% down payment of 80% loan to value and an applicant credit score of 660 or above. The loan amount would be $200,000. Your actual APR may differ depending on the loan amount, loan to value, credit score, cash out or other variables. The monthly payment per $1,000 includes principal and interest. Amounts for taxes and insurance are additional. Rates are subject to change at any time. Home owner insurance is required. Flood insurance is required if property is in a flood zone. Private insurance is required for loans with an LTV greater than 80%.

You are due for a win. But with so many scams and businesses trying to take advantage of this unstable environment, how can you know who to trust? Jarrettsville Federal has competitive rates for the taking, now is the time to take advantage, but don’t compromise your peace of mind.

Interest rates fluctuate daily, sometimes hourly, the best way for you to obtain your ideal rate is to contact Crissy at 410-692-5151, Ext. 230 or chaley@jarrettsvillefederal.com  NMLS #1158115

Fixed Rate Construction/Perm Loans

Term% DownInterest RateAPR*PointsMonthly Payments Per $1,000 Borrowed

Term


15 Year Fixed Rate

% Down


20%

Interest Rate


5.250%

APR*


5.683%

Points


1.5

Monthly Payments Per $1,000 Borrowed


180 months of $8.04

Term


20 Year Fixed Rate

% Down


20%

Interest Rate


5.750%

APR*


6.103%

Points


1.5

Monthly Payments Per $1,000 Borrowed


240 months of $7.02

Term


30 Year Fixed Rate

% Down


20%

Interest Rate


6.000%

APR*


6.270%

Points


1.5

Monthly Payments Per $1,000 Borrowed


360 months of $6.00

Interest rates fluctuate daily, the best way for you to obtain your ideal rate is to contact Crissy at 410-692-5151, Ext. 230 or chaley@jarrettsvillefederal.com  NMLS #1158115

  • Loan payment is Interest ONLY during the construction period.
  • Add .50% for JUMBO loans over $726,200.00

Fixed Home Equity Loans

Term% DownInterest RateAPR*PointsMonthly Payments Per $1,000 Borrowed

Term


5 Year Fixed Rate

% Down


80% LTV**

Interest Rate


4.500%

APR*


4.876%

Points


0

Monthly Payments Per $1,000 Borrowed


60 months of $18.64

Term


10 Year Fixed Rate

% Down


80% LTV**

Interest Rate


5.250%

APR*


5.463%

Points


0

Monthly Payments Per $1,000 Borrowed


120 months of $10.73

Term


15 Year Fixed Rate

% Down


80% LTV**

Interest Rate


5.500%

APR*


5.654%

Points


0

Monthly Payments Per $1,000 Borrowed


180 months of $8.17

LTV = Loan to value
**Loan ratio includes first mortgage balance.

Rental property, Investment property, and Commercial property mortgages are available. Please call the loan department at 410-692-5151 for current rates and terms.

Home Equity Line of Credit

TermLTV**Interest Rate***APRPointsMaximum Loan Amount

Term


10 Year Draw / 10 Year Repayment

LTV**


80%

Interest Rate***


Prime Rate

APR


Maximum is 18%

Points


0

Maximum Loan Amount


$250,000
Jarrettsville Federal will pay closing costs up to a loan amount of $150,000.
If the borrower pays off and closes the line of credit prior to the end of three years, they will be obligated to repay these fees at time of loan payoff.
** up to 85% LTV (Loan to Value) if existing first mortgage is with Jarrettsville Federal.
*** Rates are variable and may change at any time. Prime rate is the prime rate published in the Wall Street Journal.
**** .25% discount with automatic payment from Jarrettsville Federal checking account.

Lot Loans

TermAmortization Period% DownInterest RateAPR*Points Monthly Payments per $1,000 Borrowed

Term


5 years

Amortization Period


15 Years

% Down


35%

Interest Rate


5.750%

APR*


6.014%

Points


1

Monthly Payments per $1,000 Borrowed


59 months of $8.30. Balloon payment due on the 60th month
  • No size restrictions on lot loans.

IMPORTANT INFORMATION ABOUT OUR RESIDENTIAL MORTGAGE PLANS

  • In accordance with the USA Patriot Act, Jarrettsville Federal SLA is required to obtain, verify, and record information that identifies each person who opens an account.
  • APRs disclosed above are calculated on a $200,000 loan. The APR will vary based on the final loan amount and finance charges.
  • One point equals 1% of the borrowed amount
  • Processing Fee is $500/Tax Service Fee is $80 – $114
  • The fee for a credit report may be required at the time of application. The fee may vary.
  • Appraisal fees may be higher on certain types of loans.
  • All loan requests are subject to credit approval.
  • Adequate property insurance is required.
  • LTVs in excess of 80% require Private Mortgage Insurance (PMI).
  • Flood insurance may be required.
  • Payments do not include an amount for taxes and insurance premiums. The actual payment obligation will be higher.
  • Prequalification available.
  • Lot loans require a perk test and potability test prior to settlement if the site will be serviced by a septic system or well.
  • Lot Loan – monthly payment is based on a 15-year amortization period. The loan must be paid in full or refinanced in 5 years.
  • Consult your tax advisor regarding the deductibility of interest and charges.

FOR MORE INFORMATION, PLEASE CONTACT CRISSY HALEY (NMLS #1158115) OR MARY ANN BOGARTY (NMLS #1114038) 410-692-5151 or 667-401-6200

Jarrettsville Federal: NMLS#431219